District Judge Marvin Bay had earlier convicted Vignish of 10 cheating charges after a trial.
The judge said: “In sentencing for financial and commercial crimes, the quantum of loss is often considered to be a proxy to peg the harm caused by the criminal activity.” For the current case, the prosecution said that the 10 invoices, which LMC had purportedly issued to Keppel FELS, were submitted to CMP for factoring.
“The vast majority of the debt owed by Keppel FELS under the 10 LOM work orders had already been paid.”But he claimed that he had been misled by one of his employees, identified as Alexander Francis.
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